Map of Property

1824 E Bonanza Rd (Part of 8-Unit Potfolio)

For Sale

1824 E Bonanza Rd, Las Vegas, NV 89101

This Las Vegas property for sale is located at 1824 E Bonanza Rd. The current listed sale price for 1824 E Bonanza Rd (Part of 8-Unit Potfolio) is $600,000. 1824 E Bonanza Rd (Part of 8-Unit Potfolio) is situated on a lot that is 0.18 acre in size.

Contacts

broker
Grant Pickard

Fortis Commercial Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 2,970 SF
  • Units 4
  • Lot Size 0.18 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1977
  • Date Updated Dec 10, 2024
8-Unit Multifamily Portfolio Sale in Downtown Las Vegas Portfolio Sale: Capitalize on a unique investment opportunity with the acquisition of two separate multifamily properties, each offering immediate cash flow and promising long-term appreciation potential. 1824 E Bonanza Rd: This property comprises 4 units, generating a solid monthly income of $3,700. Featuring modern amenities and attractive interiors, it ensures tenant satisfaction while maximizing rental income. 1828 E Bonanza Rd: With 4 units as well, this property yields a robust monthly income of $3,690. Recent interior renovations have elevated its appeal, attracting quality tenants and enhancing property value. Strategic Location: Situated in the vibrant heart of Downtown Las Vegas, these properties benefit from a diverse and growing population. Young professionals, students, and urban dwellers seeking convenient and affordable housing options contribute to sustained demand and rental growth. Demographic Statistics: Median household income: $42,659 Population density: 8,943 people per square mile Median age: 32.8 years old Retail Resurgence: Downtown Las Vegas is experiencing a notable resurgence in retail activity, with a dynamic mix of trendy boutiques, cafes, and restaurants catering to the evolving preferences of residents and visitors. This flourishing retail landscape enhances the overall appeal and desirability of the properties. Investment Opportunity With a combined monthly rental income of $7,390 and the potential for future growth through rental increases and value-add strategies, this portfolio represents an enticing opportunity for investors seeking attractive returns and enduring value in the thriving Downtown Las Vegas real estate market. DO NOT DISTURB TENANTS4 Unit: 1824 E Bonanza Rd, Las Vegas, NV 89101 Offering Price: $600,000 787 SF Unit 1 $900 MTM 2 Bed/ 1 Bath Unit 2 $895 MTM 1 Bed/ 1 Bath Unit 3 $895 MTM 1 Bed/ 1 Bath Unit 4 $1000 MTM 2 Bed / 1 Bath
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Getting around

  • 76/100

    Walk Score ®

  • 43/100

    Transit Score ®

  • 62/100

    Bike Score ®

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Location

  • City Las Vegas, NV
  • Neighborhood Downtown Las Vegas
  • Zip Code 89101
  • Market Las Vegas

Points of Interest

  • Sahara

    2.76 miles

  • LVCC Central Station

    3.34 miles

  • LVCC West Station

    3.45 miles

  • Boingo/Las Vegas Convention Center

    3.50 miles

  • Rideshare Pickup

    4.85 miles

  • Bellagio Tram Station

    5.31 miles

  • The Crystals Tram Station

    5.37 miles

  • MGM Grand

    5.49 miles

  • Park MGM Tram Station

    5.51 miles

  • Excalibur North

    5.80 miles

  • 7-eleven

    0.42 miles

  • Chevron

    0.46 miles

  • 7-Eleven

    0.85 miles

  • Tesla Supercharger

    0.99 miles

  • Smith's Fuel Center

    1.50 miles

  • Arco

    1.59 miles

  • ChargePoint

    3.45 miles

  • Tesla Destination Charger

    4.64 miles

  • Linq High Roller Supercharger

    4.65 miles

  • Parking Lot C

    0.46 miles

  • Parking Lot D

    0.49 miles

  • Saint Bridget Catholic Church Overflow Parking

    0.51 miles

  • Parking Lot A

    0.60 miles

  • Parking Lot B

    0.62 miles

  • Neon Museum Parking

    0.65 miles

  • The Llama Lot

    0.75 miles

  • Zappos.com 7th Street Lot

    0.76 miles

  • Cortez Free Parking

    0.78 miles

  • El Cortez Valet Lot

    0.82 miles

  • Peter Pan Motel

    0.67 miles

  • Economy Motel

    0.68 miles

  • Alicia Motel

    0.69 miles

  • The Gables Motel

    0.70 miles

  • Desert Moon

    0.71 miles

  • Alpine Motel

    0.71 miles

  • Lucky Motel

    0.72 miles

  • Lucky Lady Motel

    0.73 miles

  • Dragon Motel

    0.78 miles

  • Vista Motel

    0.79 miles

  • Fergusons Downtown

    0.73 miles

  • Laos Market

    0.74 miles

  • Downtown Container Park

    0.91 miles

  • Albertsons

    1.16 miles

  • El Super

    1.47 miles

  • Smith's

    1.58 miles

  • Ross

    1.61 miles

  • La Bonita

    1.73 miles

  • Saks Off 5th

    1.93 miles

  • Power Solar Las Vegas

    1.95 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Grant Pickard

Fortis Commercial Advisors